Preschool Promise
Preschool Promise reported $11.2 million in revenue and $11.0 million in expenses for calendar year 2025. Of every $100 it spent, $89.87 went to program services, $10.13 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.0% of the total. Government grants made up 91.6%. The highest compensation it reported for one person was $242,071 (EXECUTIVE DIRECTOR). 4 people received more than $100,000 in reportable compensation. Revenue rose 104% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 91.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $242,071 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.20% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 4 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expensePartner with families: Preschool Promise works in the community through its outreach team and partners to promote the importance of high-quality early learning and connect parents with resources. Families receive free resources to promote learning at home - such as play kits and books-of-the-month
Improve quality: Preschool Promise provides intensive, year-long professional development to teachers and administrators to continuously improve the learning in classrooms; teachers receive stipends for their participation. Child care and preschool sites, and teachers receive grants to help them improve the early learning classroom environment. Preschool Promise offers the scholars program to help teachers earn degrees and credentials in early childhood education
Assist families: Preschool Promise is helping families find and afford high quality early childhood education by leveraging available federal, state, and local funding and offering tuition assistance to fill in the gap. Providers are offered grants to expand preschool seats to serve more children. Preschool Promise also works to improve regular attendance
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $166,328 | $0 | $75,743 | $242,071 |
| SR DIRECTOR OF FINANCE Officer, 40.00 hrs/week | $137,762 | $0 | $40,897 | $178,659 |
| SR DIRECTOR OF OPERATIONS Officer, 40.00 hrs/week | $110,100 | $0 | $27,156 | $137,256 |
| SR DIRECTOR OF EDUCATION STRATEGY Officer, 40.00 hrs/week | $108,758 | $0 | $26,968 | $135,726 |
4 people received more than $100,000 in reportable compensation from Preschool Promise (Part VII, line 2). Compensation of current officers, directors and key employees totaled $694K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Private foundation grants it received
7 private foundations reported grants to Preschool Promise totaling $269K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Preschool Promise's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Preschool Promise, you can publish a response that is linked from this page.
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Of every $100 Preschool Promise spent in 2025, $89.87 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University Preparation School at Csu Channel IslandsCamarillo, CA · revenue $11M · programs 84.7% · FY2025
- The Conversation USWaltham, MA · revenue $11M · programs 92.3% · FY2025
- Queen City Academy Charter SchoolPlainfield, NJ · revenue $11M · programs 69.8% · FY2025
- New Opportunities Charter SchoolInglewood, CA · revenue $11M · programs 82.3% · FY2025
- Malcolm X Memorial FoundationOmaha, NE · revenue $11M · programs 100.0% · 2024
Questions people ask
How much of Preschool Promise's spending goes to programs?
In calendar year 2025, Preschool Promise reported that 89.9% of its $11.0 million in expenses went to program services, 10.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Preschool Promise pay its top executive?
The largest total compensation Preschool Promise reported for one person in calendar year 2025 was $242,071, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Preschool Promise get its money?
Of $11.2 million in revenue in calendar year 2025, 99.0% came from contributions and grants (including 91.6% from government grants) and 0.9% from program service revenue (Form 990, Part VIII).
Is Preschool Promise a registered charity?
The IRS lists EIN 81-4799474 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202642089349300014 · read the filing
- 2024: Form 990 for calendar year 2024, object 202532459349301708 · read the filing
- 2023: Form 990 for calendar year 2023, object 202432549349300333 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349311313 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223159349302062 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123199349304517 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023179349301512 · read the filing
All filings for EIN 81-4799474: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.